Maybank posts record net profit of RM8.2b in FY19

Group president & CEO of Maybank, Datuk Abdul Farid Alias said the group will aggressively seek out selective growth opportunities despite the overall cautious stance that is being seen across markets today especially with the prevailing concerns over the Covid-19 virus outbreak and other geo-political issues.

KUALA LUMPUR: Malayan Banking Bhd posted a record net profit of RM8.20bil in the financial year ended Dec 31,2019 (FY19), lifted a strong performance in the fourth quarter, compared with RM8.11bil in FY18.

Maybank, Southeast Asia’s fourth largest bank by assets, announced on Thursday it also achieved a record profit before tax (PBT) of RM11bil for FY19, up from the RM10.90bil a year earlier.